Welcome to our dedicated page for Cal Maine Foods news (Ticker: CALM), a resource for investors and traders seeking the latest updates and insights on Cal Maine Foods stock.
Cal-Maine Foods reports developments in U.S. egg production, specialty shell eggs and egg-based prepared foods. The company produces, grades, packages, markets and distributes shell eggs, with products spanning conventional, cage-free, organic, brown, free-range, pasture-raised and nutritionally enhanced eggs for retail and foodservice customers.
Recurring updates include quarterly operating results, shell egg pricing and volumes, sales mix between conventional and specialty eggs, prepared-foods growth, acquisitions of production assets, investor-conference appearances and board governance matters. Company news also references brands such as Eggland’s Best, Land O’Lakes, Farmhouse Eggs, 4Grain, Sunups, Sunny Meadow, MeadowCreek Foods and Crepini, along with prepared-food formats including pre-cooked egg patties, omelets, hard-cooked eggs, pancakes, waffles and wraps.
Cal-Maine Foods reported Q1 fiscal 2021 net sales of $292.8 million, up 21.4% year-over-year from $241.2 million. The company incurred a net loss of $19.4 million or $0.40 per share, an improvement from a $45.8 million loss last year. Total dozens sold increased by 3.8%, reflecting strong retail demand. The average selling price per dozen is up 17.8% compared to the prior year, despite volatility in egg prices. The company will not issue a dividend for Q1 due to cumulative losses of $20.8 million.